Monday, April 30, 2012

Layoff Watch 2012: BofA To Axe 2,000




Bank of America could soon announce a fresh round of layoffs, reports the Wall Street Journal's Dan Fitzpatrick and Dana Cimilluca.

The Charlotte, N.C., company is planning about 2,000 staff cuts in its investment banking, commercial banking and non-U.S. wealth-management units, said people familiar with the situation.
...
In the latest round of cuts, less than 400 will come from investment banking, corporate banking, sales and trading, the people familiar with the matter said. An expected sale of the bank's non-U.S. wealth-management operations in Asia, Latin America and Europe would eliminate less than 2,000 positions.
The reporters say that these cuts will come on top of the 30,000 planned layoffs the bank had already announced last fall....


Read more: http://www.businessinsider.com/report-bank-of-america-lay-off-2000-investment-bankers-2012-4#ixzz1tb2Qz3rc

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